Townstone Financial

The Fed Speak!

Today, the Federal Reserve approved its first interest rate increase in more than three years!

Kermit the Frog once said, "it ain't easy being green" and his sage wisdom can be applied to the Fed: they have a tough job. A REALLY tough job. How do you address spiraling inflation without torpedoing economic growth?

Buckle-up folks because there are no easy answers.

But do you know what is easy? Getting a mortgage through Townstone. Just head to www.townstone.com and fill out a request for a FREE consultation.

A fixed rate mortgage and payment is one of the BEST ways to eliminate a source of uncertainty when everything else today seem so uncertain.

Let Townstone help you on your next purchase, refinance, home equity line, or home equity loan TODAY!

Have a great rest of your week.

https://www.youtube.com/watch?v=XQPktDPNIEE

It's been a bit of a wild ride for mortgages this past week with rates rising-falling-rising again. Zach has no answers but asks Barry for his insight.

A Reuters poll property analysts recently indicated home prices would rise 10% this year (compared to 17% in 2021). While buyers are hoping for a "dip", they might be waiting for a while. We are hearing first-hand reports from our purchase clients that inventory is still tight and houses that do come to market are going under contract quickly!

Remember, Townstone offers FREE consultations on purchases, refinances, home-equity lines and home-equity-loans! Just visit www.Townstone.com for your next home loan and speak with a mortgage expert TODAY!

Townstone Financial's "State of the mortgage and real estate market" (recorded LIVE 2/24/22)

Barry and Zach discussing recent developments in the mortgage and real estate markets.

BUY vs. Rent. Inflation. Higher interest rates. Higher home prices. Ukraine.

FREE CONSTULTATIONS AVAILABLE AT WWW.TOWNSTONE.COM

Let us help you with your next purchase, refinance, or home equity loan/line!

https://youtu.be/306fx1LMKnQ

Townstone Financial Inc. Team Site - Documents\Podcast and radio

Mortgage Rates Continue to Test All-Time Lows! Great news for current homeowner's looking to refinance to save money or get cash out. Also great for upcoming home purchasers who are already applying in higher numbers than even before COVID.

CNBC reported Tuesday that about 30% of Americans missed their housing payment this June. Barry has some serious concerns about the survey they used, but what does that mean for you and the larger real estate market?

Remember, Townstone.com is the ONLY place you can fill out our FREE consultation request for your next home purchase or refinance. Stay safe and have a great rest of your week!

Mortgage rates hold steady with a refinance boom continuing and purchase activity ramping up quickly!

We’ve all heard of the 30-year mortgage, but have you heard about a 29-year mortgage? Lower rate than a 30-year, no higher on the monthly payment. This previously unheard-of great deal is currently set to expire June 30th, so make sure you head to Townstone.com to fill out a free consultation to see how much money this can save you.

Finally, some clarity on your ability to refinance while in forbearance: On any loan currently in forbearance where you are making payments on time, the loan can proceed. You're good to go. For any loan currently in forbearance where you are not making payments: The loan must be brought current in order to close. On conventional loans: If you have entered a workout plan (post forbearance), we have to show underwriting three consecutive payments on the new plan. On FHA or VA loans: if you’ve entered a workout plan (post forbearance), all payments on the plan must be complete.

Either way, make sure you have the best team in the mortgage industry working on your behalf for your next home purchase or refinance. FREE consultations available at Townstone.com, fill yours out TODAY!

Have a great week.

Mortgage rates hold steady with a refinance boom continuing and purchase activity ramping up quickly!

We’ve all heard of the 30-year mortgage, but have you heard about a 29-year mortgage? Lower rate than a 30-year, no higher on the monthly payment. This previously unheard-of great deal is currently set to expire June 30th, so make sure you head to Townstone.com to fill out a free consultation to see how much money this can save you.

Finally, some clarity on your ability to refinance while in forbearance: On any loan currently in forbearance where you are making payments on time, the loan can proceed. You're good to go. For any loan currently in forbearance where you are not making payments: The loan must be brought current in order to close. On conventional loans: If you have entered a workout plan (post forbearance), we have to show underwriting three consecutive payments on the new plan. On FHA or VA loans: if you’ve entered a workout plan (post forbearance), all payments on the plan must be complete.

Either way, make sure you have the best team in the mortgage industry working on your behalf for your next home purchase or refinance. FREE consultations available at Townstone.com, fill yours out TODAY!

Have a great week.

As we shuffle back to something resembling “normal” after staying home the past few months, it’s time for your mortgage check-up!

Rates are at/near all-time lows, so chances are that you could save money by refinancing your current loan. As our current clients can attest, working with Townstone is most-painless mortgage process in the industry. Fill out a free consultation at Townstone.com and it’ll take 2 minutes on the phone to determine how much we can save you with a new loan.

Purchases are BACK after a small drop-off in late march/early April. In such uncertain times as these, do you want your landlord controlling next year’s rent? Become a homeowner and lock-in a fixed mortgage payment that will NEVER change until you pay off the loan in full, future you will be happy you did.

SPECIAL PRODUCT ALERT: We’ve all heard about the 30 year mortgage, but what about a 29 year loan? Good on rate-locks now through 6/30: get a 29 year amortizing mortgage with the SAME payment as a 30 year! Head to Townstone.com to fill out a free consultation to see how much you can save with a 29 year mortgage.

So remember: Townstone.com for a free and personal consultation for any purchase or refinance scenarios and questions, your wallet will thank you later. Have a great rest of your week!

States are beginning to open up again, but is "work from home" here to stay?

COVID or NOVID, spring purchase market is in full swing! We are seeing no let up in the amount of borrowers looking to prequalify themselves for a new purchase. Add yourself to the list by filling out a free consultations at Townstone.com

And of course, refinancing should be on your mind since we are near all-time low rates and it's always a good time to save!

Are interest rates really that low, can you still take cash out of your home to pay bills? What if I lost my job or got laid off can I still get a mortgage?

Can you stop paying your mortgage and for how long?